sovereignman.com / by Tim Staermose / March 24, 2014
Palladium is like the Rodney Dangerfield of precious metals. It never gets any respect.
If you ask someone about precious metals, in fact, just about everyone has heard of gold and silver. And occasionally platinum.
But palladium is one of those obscure precious metals that few people think about, or even know about.
Aside from actually having its own currency code (XPD), palladium is
widely used in a variety of industrial applications, from spark plugs to
catalytic converters to hydrocarbon ‘cracking’ to electronic
components.
And here’s something most people don’t know: most of the world’s palladium is mined in Russia.
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Tuesday, March 25, 2014
10 Days Of Strength For Crude Coming
The Gold Cycle might be confusing to read, but there is no such lack
of clarity with Crude. The current action makes analysis
straightforward because we now have a textbook Cycle low in place. Very
few Daily Cycles make it beyond 45 days, and this slightly longer Cycle
was likely compensating for a shorter 1st Daily Cycle.
This deep in a Cycle, key reversals in price almost always turn out to be new Cycles. We have seen a solid Swing Low result in a clean break of the down-trend, and price end the week with a close above the 10dma. In addition, our technical indicators turned higher, perfectly supporting a new Cycle.
With a 3rd Daily Cycle now in play, we should be prepared to see at least 10 sessions higher before we entertain the possibility of a Left Translated Cycle. With normal Crude Investor Cycles, we typically see just 3 Daily Cycle span a total of 20-24 weeks. Excepting the last IC, which was an extended 32 weeks, all recent Crude Cycles have been reliably within that range. (more)
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This deep in a Cycle, key reversals in price almost always turn out to be new Cycles. We have seen a solid Swing Low result in a clean break of the down-trend, and price end the week with a close above the 10dma. In addition, our technical indicators turned higher, perfectly supporting a new Cycle.
With a 3rd Daily Cycle now in play, we should be prepared to see at least 10 sessions higher before we entertain the possibility of a Left Translated Cycle. With normal Crude Investor Cycles, we typically see just 3 Daily Cycle span a total of 20-24 weeks. Excepting the last IC, which was an extended 32 weeks, all recent Crude Cycles have been reliably within that range. (more)
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LaSalle Hotel Properties (NYSE: LHO)
LaSalle Hotel Properties, a real estate investment trust (REIT),
engages in the purchase, ownership, redevelopment, and leasing of
primarily upscale and luxury full-service hotels in convention, resort,
and urban business markets in the United States. It owns 34 hotels,
totaling approximately 9,200 guest rooms in 15 markets in 11 states and
the District of Columbia. The company qualifies as a REIT under the
Internal Revenue Code of 1986. As a REIT, it would not be subject to
federal corporate income tax to the extent that it distributes at least
90% of its taxable income to its shareholders.
Please take a look at the 1-year chart of LHO (Lasalle Hotel Properies) below with my added notations:
LHO has come down to a very important price of $32 based on two different levels of potential support. First, the $32 level itself (red) has simply been key to the stock on multiple occasions already. In addition, LHO is approaching a short-term, up-trending level of support (blue) and that trendline is also sitting at the $32 level.
The Tale of the Tape: LHO has a key area of support at $32. A long trade could be made at $32 with a stop placed below that level of entry. However, if the stock were to break below $32 traders might want to look to get short on the stock.
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Please take a look at the 1-year chart of LHO (Lasalle Hotel Properies) below with my added notations:
LHO has come down to a very important price of $32 based on two different levels of potential support. First, the $32 level itself (red) has simply been key to the stock on multiple occasions already. In addition, LHO is approaching a short-term, up-trending level of support (blue) and that trendline is also sitting at the $32 level.
The Tale of the Tape: LHO has a key area of support at $32. A long trade could be made at $32 with a stop placed below that level of entry. However, if the stock were to break below $32 traders might want to look to get short on the stock.
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Gold Price Performance After Golden Crosses In The Last 4 Decades
from Gold Silver Worlds:
Gold’s daily chart is currently showing its 50 day moving average crossing over its 200 day moving average. In technical analysis, this situation is known as a “golden cross”, as it marks an uptrend.
Commonly, the golden cross confirms a new uptrend. One should expect a golden cross to be good news. While we are not saying the opposite, we only point out that not all similar cases in the past have turned out to be very profitable for gold.
Readers know that our focus is to bring unbiased news and analysis. In that respect, the following research, based on facts and figures, should bring an unbiased view on the history of gold’s golden crosses.
Read More @ GoldSilverWorlds.com
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Gold’s daily chart is currently showing its 50 day moving average crossing over its 200 day moving average. In technical analysis, this situation is known as a “golden cross”, as it marks an uptrend.
Commonly, the golden cross confirms a new uptrend. One should expect a golden cross to be good news. While we are not saying the opposite, we only point out that not all similar cases in the past have turned out to be very profitable for gold.
Readers know that our focus is to bring unbiased news and analysis. In that respect, the following research, based on facts and figures, should bring an unbiased view on the history of gold’s golden crosses.
Read More @ GoldSilverWorlds.com
Furious Chinese Demand Money Back As Housing Bubble Pops
zerohedge.com / by Tyler Durden / 03/24/2014 09:24 -0400
Hell hath no fury like a woman scorned or, it seems, like a Chinese real estate speculator who is losing money. After four years of talking (and not doing much) about cooling the hot-money speculation that is the Chinese real-estate bubble (mirroring the US equity market bubble since stock-ownership is low in China), the WSJ reports that the people are restless as the PBOC actually takes actions – and prices are falling. With new project prices down over 20%, ‘homeowners’ exclaim “return our hard-earned money” and “this is very unfair” - who could have seen this coming?
Via WSJ,
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Hell hath no fury like a woman scorned or, it seems, like a Chinese real estate speculator who is losing money. After four years of talking (and not doing much) about cooling the hot-money speculation that is the Chinese real-estate bubble (mirroring the US equity market bubble since stock-ownership is low in China), the WSJ reports that the people are restless as the PBOC actually takes actions – and prices are falling. With new project prices down over 20%, ‘homeowners’ exclaim “return our hard-earned money” and “this is very unfair” - who could have seen this coming?
Via WSJ,
After a four-year campaign by the government to cool spiraling property prices, rises inhome prices are starting to slow and in some smaller cities they are weakening.READ MORE
Growth in average housing prices in 70 Chinese cities moderated in February for the second-straight month though they were still nearly 9% higher compared with a year ago.
But weaker economic growth, slower home sales and rising volumes of unsold houses haveconvinced developers in a number of cities to cut prices to raise cash quickly.
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